Amazon News encompasses recent events from the company including business, legal, and other factors that impact its products and services. It also has different impacts depending on its role in the market. Recent activity has been about the company's relationship with Bloomsbury Publishing.
Amazon and Bloomsbury Publishing: Contract Negotiations
Amazon and Bloomsbury a major publishing house were facing issues in their contact to sell titles in their online stores. Amazon stated that negotiations with Bloomsbury to extend the deal had not resulted in an agreement before the deadline. However, a deal has now been reached and sales of all of Bloomsbury's books are set to continue .
The Original Impasse
Amazon mentioned their contract was going to expire with Bloombsury . Despite attempts to make a deal an impasse caused Amazon to remove all titles by Bloomsbury with specific regions affected by this issue that included, Europe and Australia. Digital ebooks across the world were also affected in the intial stages of no renewal. This created much alarm as Bloombury had a major portion of titles that Amazon offered.
Amazon's Stance
Amazon gave the opinion that the contract was no longer favorable, as they had invested in various things that should create more ease. They mentioned they have built comprehensive distribution as well as expanding the network which was profitable. This action was done to create a better structure for sellers as well as reach consumers with all forms of book formats.
New Long Term Agreement
The two companies finally reached an agreement to maintain their supply chain. It is an updated contract with a long term arrangement and the details have been mostly kept private between all parties involved. Bloomsbury also is said to have faith in market expectations for this year. They also state they would give better insight once their year end results are announced.
The Impact of Harry Potter Books
The "Harry Potter" book series is also distributed by Bloomsbury, making this dispute a major concern for many online book consumers across the world. During its height Amazon had pre order events for the Harry Potter series where it delivered countless copies to book fans on release day. This became an icon part of history with online sales which set the foundation for online shopping.
Global Impact of the Distribution Dispute
Though many parts of the world were included this issue. Amazon users in the US did not see the issues. For international readers their access to Bloomsbury titles from Amazon through third parties that partnered with the online giant. The dispute made it apparent that Amazon is a worldwide leader that had some international impacts during the period where no deal was reached.
Publisher Options
Publishers were aware they have options available outside of what Amazon could offer including but not limited to Bloomsbury's other locations in the U.K. This was due to all of the options for book publishing and distribution currently present in the world today.
Amazon's Position as a Bookseller
Amazon claims it places a large priority on giving access to reading options for its users, and partnering with publishers around the world in creating an easier space for bookselling while providing options. The company makes efforts to not let availability of their stock suffer.
Investment in Book Distribution
The company states that it will continue to invest into new methods for selling and getting materials out to consumers including more innovative options to reach larger markets. As one of the leading sellers of all forms of goods this is something to expect.
Key Takeaways
- Amazon had previously faced a disagreement with Bloomsbury Publishing about their distribution deal and a deal has since been reached.
- Negotiations fell through on a previous deal to extend the contract for selling books leading to titles being removed.
- Bloomsbury's iconic catalog of "Harry Potter" books along with others would be included.
- The previous impact showed how a business agreement had a potential large range with readers in Europe and Austrailia being impacted with e-books having limits globally.
- Both sides reached an updated long term agreement bringing a new understanding with a focus on continuing to sell books using new and older forms.